1) On September 30, 2018, Sternberg Company sold office equipment for $12,000. The equipment was purchased on March 31, 2015, for $24,000. The asset was being depreciated over a five-year life using the straight-line method, with depreciation based on months in service. No residual value was anticipated. Prepare the journal entries to record 2018 depreciation and the sale of the equipment.